The Welsh housing market has remained resilient and dynamic, with steady house price growth and rising sales activity over the past year. As we move into 2025, market trends indicate continued demand, supported by stable mortgage rates and improving affordability. With Wales continuing to outperform parts of the UK in price growth, homeowners, buyers, and investors will be watching closely to see what the next 12 months hold. 

How the market performed in 2024 

• House prices continued to rise – Wales saw steady price growth throughout 2024, with demand remaining strong in both urban and rural areas. 

• Sales volumes increased – More buyers and sellers returned to the market, leading to higher transaction levels compared to 2023. 

• First-time buyers gained confidence – A slight drop in mortgage rates made homeownership more accessible, particularly in affordable regions of Wales. 

What to expect in 2025 

• House price growth is set to continue – Zoopla forecasts a 2.5% national rise in house prices, with Wales expected to outpace the UK average. 

• Increased buyer activity – Stabilising interest rates and rising incomes will encourage more first-time buyers and movers into the market. 

• Sales momentum to remain strong – 2024 saw a rebound in property transactions, a trend set to continue into 2025. 

Key factors shaping the market 

• Mortgage affordability improving – With interest rates levelling out, buyers will find it easier to secure mortgages, boosting demand. 

• Regional price disparities – Northern regions, including Wales and the Midlands, are expected to see faster house price growth than southern England. 

• Government incentives and policies – Support for first-time buyers and energy-efficient homes may impact market activity in key areas. 

Will 2025 be a good time to buy or sell? 

For sellers, steady price growth suggests a healthy market for achieving strong offers. For buyers, improving affordability and more mortgage options could open up opportunities to secure a home before prices rise further. The market remains competitive but balanced, with both buyers and sellers in a strong position heading into 2025. 

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